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The MD Manufacturing Company has $75m debt outstanding with pre-tax cost of 6% and its common stock has a value of $125m

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The MD Manufacturing Company has $75m debt outstanding with pre-tax cost of 6% and its common stock has a value of $125m. The levered cost of equity is 14.34%. The corporate tax rate is 35%. Assuming an MM (1963) tax world, calculate the unlevered cost of equity.